Phuc Hung Investment Construction & Import-Export JSC (PHC) of Vietnam has inked a EUR16.3m deal with INEKON Group from the Czech Republic to build Phu Son cement plant in the northern province of Ninh Binh.

INEKON Group-invested plant located in Phu Son commune, Nho Quan district will have an annual design capacity of producing 1Mt  of clinker, the firm said on its website.

Phuc Hung has also won the VND195-billion bidding package No. 2 worth of Vung Tau Plaza project.

PHC floated three million shares on the Hanoi Stock Exchange on Nov. 5.

Published under Cement News